SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 12: SEGMENT INFORMATION

The Company operates as a single operating segment, as an energy services company that provides equipment and support services to the world’s energy and offshore industries. The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated net income to monitor budget versus actual results in assessing segment performance and the allocation of resources. Significant segment expenses are presented in the Company’s consolidated statements of operations.

Total operating expenses are presented as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2025			2024			2025			2024
Revenues	$	6,367		$	5,223		$	16,799		$	16,793
Share-based compensation and other personnel costs		2,910			2,191			7,756			5,985
Materials		1,084			788			2,271			2,940
Depreciation and amortization		146			144			449			437
Other cost of sales and selling, general and administrative expenses		2,689			1,622			7,073			5,406
Income tax expense		8			2			23			7
Interest and other (income) expense		(57	)		(47	)		(391	)		(65	)
Net income (loss)	$	(413	)	$	523		$	(381	)	$	2,083

The CODM regularly reviews asset information by consolidated assets since we only have one reportable segment.